GUSD Passes Budget With $20 Million Deficit

The Glendale Unified School District Board of Education on Tuesday adopted its budget for the 2020-21 school year “begrudgingly,” in the words of board member Greg Krikorian, who nevertheless had no other options given the state’s bleak financial situation.
The general fund portion of the budget is used to educate the district’s 26,000 students and includes a little over $289 million in revenues and more than $309 million in expenditures. The $20.3 million deficit is caused by the 10% cut to public education funding in Gov. Gavin Newsom’s recent May Revise budget proposal due to the COVID-19 health and financial crisis. The GUSD had until June 30 to submit a budget to the Los Angeles County Office of Education, or LACOE, a tenet that was satisfied by the unanimous vote.
As bad as it may appear, things could have been even direr.
Worst-case scenarios explained by Steve Dickinson, the district’s chief business and financial officer, projected deficits as high as $53 million for the upcoming school year. This week, however, the state legislature passed a budget bill that does not include any reductions to public education funding, but instead relies heavily on assumptions of California receiving billions of dollars in federal relief funds. Until the final state budget act is approved, GUSD and all school districts in the state will be planning for large budget reductions in the coming years. Continue reading “GUSD Passes Budget With $20 Million Deficit”